Should there be more and/or earlier break points in contracts and what would be the expected pricing impact for the public sector?  Are there specific points that break points should be linked to?  

The interaction of break-points and long-term certainty of financing costs is a complex one, and the costs of breaking any long-term swaps would be a significant impediment to value for money. Should the public sector take underlying interest rates risk, then an approach with earlier breaks could be considered.